Los Angeles Capital Management LLC Decreases Holdings in Century Casinos, Inc. (NASDAQ:CNTY)

Los Angeles Capital Management LLC lowered its position in Century Casinos, Inc. (NASDAQ:CNTY) by 64.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,299 shares of the company’s stock after selling 85,808 shares during the quarter. Los Angeles Capital Management LLC owned approximately 0.15% of Century Casinos worth $131,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Quadrature Capital Ltd bought a new stake in Century Casinos during the 1st quarter valued at $51,000. Virtu Financial LLC purchased a new stake in shares of Century Casinos during the first quarter worth about $66,000. Empowered Funds LLC grew its stake in shares of Century Casinos by 8.1% in the first quarter. Empowered Funds LLC now owns 66,935 shares of the company’s stock worth $212,000 after purchasing an additional 5,042 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Century Casinos by 38.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 67,864 shares of the company’s stock valued at $215,000 after purchasing an additional 18,869 shares during the period. Finally, GSA Capital Partners LLP raised its position in Century Casinos by 214.6% during the 1st quarter. GSA Capital Partners LLP now owns 147,084 shares of the company’s stock valued at $465,000 after purchasing an additional 100,333 shares during the last quarter. 66.36% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Macquarie cut their price objective on Century Casinos from $5.00 to $4.00 and set an “outperform” rating on the stock in a research report on Friday, August 9th.

Century Casinos Trading Down 7.4 %

Shares of CNTY opened at $2.38 on Tuesday. Century Casinos, Inc. has a 1-year low of $1.94 and a 1-year high of $6.03. The company has a current ratio of 1.96, a quick ratio of 1.91 and a debt-to-equity ratio of 6.22. The firm’s 50-day moving average price is $2.46 and its 200-day moving average price is $2.73. The firm has a market capitalization of $73.02 million, a price-to-earnings ratio of -1.81 and a beta of 2.59.

Century Casinos (NASDAQ:CNTY) last issued its quarterly earnings data on Thursday, August 8th. The company reported ($1.36) EPS for the quarter, missing the consensus estimate of ($0.40) by ($0.96). Century Casinos had a negative return on equity of 40.28% and a negative net margin of 13.65%. The company had revenue of $146.44 million during the quarter, compared to analysts’ expectations of $154.60 million. During the same quarter last year, the business earned ($0.06) earnings per share. Sell-side analysts anticipate that Century Casinos, Inc. will post -2.33 EPS for the current year.

Century Casinos Company Profile

Century Casinos, Inc operates as a casino entertainment company in the United States, Canada, and Poland. It develops and operates gaming establishments, as well as related lodging, restaurant, and horse racing including, off-track betting; and entertainment facilities. The company was founded in 1992 and is based in Colorado Springs, Colorado.